Mark Austin FTSE Trading Update - 25 Jan 2011

So far this pattern is right on cue for a fall and the gap which I made reference to yesterday at 5974 has just been filled. At this stage if the pattern is correct I expect a move lower.

Its possible we could get a quick price spike at the open to scare off shorters but I would not expect us to have acceptance over 6000 and this should be a reference point for stops on spread bets. Acceptance would be three thirty minute candle bars above 6000. If we see this my analysis is compromised.